Bitcoin's market capitalization has grown 60% so far this year, adding $194 billion to its value. This growth greatly outperforms top Wall Street banks stocks, which have lost nearly $100 billion in market valuation.
Exiled Chinese businessman Guo Wengui was arrested in New York and charged with fraud for defrauding retail investors out of $1.4 billion. Hours after his arrest, his luxury penthouse apartment on Manhattan's Upper East Side caught fire.
Tesla CEO Elon Musk has warned that there are similarities between the collapse of Silicon Valley Bank and the 1929 Wall Street crash. His comments reflect a wave of anxieties over the recent string of bank collapses, as investors fear an impending economic crisis.
Prosecutors from the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) are reportedly investigating potential lax monitoring at crypto-friendly Signature Bank to prevent money laundering. The New York-based bank was shut down on March 12.
The U.S. Department of Justice has appealed a ruling that would allow Binance.US to acquire the assets of bankrupt crypto lender Voyager Digital. Regulators have voiced strong opposition to the proposed deal, while the creditors supporting the plan hope to receive a 73% recovery.
Thousands of investors in Egypt have been defrauded of around $620,000 by a cryptocurrency scam known as "HoggPool". Authorities have arrested 29 people, 13 of them being foreign citizens, in connection to the platform.
Three US senators have accused Binance, the world's largest crypto exchange, of being a "hotbed of illegal financial activity," asking for details of its money-laundering controls. The exchange has denied the accusations and said it will "correct the record" and provide information to the senators.